Orange Peel personal page - To The Moon

Orange Peel

Orange Peel

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04-10

This could be the right TIME to invest in PLTR in my opinion.

2023-12-13

$Upstart Holdings, Inc.(UPST)$

2023-11-24

PLTR - should I buy on dip

2023-09-02

2023-06-28

Good comments

@JC888:US Market Contd To Fall ? What Stock Will Rise?

2023-05-11

Great ariticle, would you like to share it?

@ShenGuang:Tech Massively Overvalued; Market Turn Likely Imminent

2023-05-11

Great ariticle, would you like to share it?

@WallStreet_Tiger:🎁11 Most Favored Boring Stocks to Beat Recession By Hedge Funds

2023-05-11

Great ariticle, would you like to share it?

@Tiger_Earnings:Earnings Movers| Adidas Jumped 8% on Earnings Beat; LCID, DDD, SWKS Plunged 10%

2023-04-19

Give your last shot!!

2023-04-18

2 more days to go... Enjoy your game

2023-04-17

Last chance to claim your prize

2023-04-16

Can claim $2 x2 easily but not extra

2023-04-15

Krep trying, every point is $$$

2023-04-14

It is not easy, try harder

2023-04-13

Continue to play to gain more points

2023-04-12

Hope everyone enjoyed the game and claim your the voucher

2023-04-11

Let go and enjoy the game...

2023-04-10

Get more points hope can redeem 1 share

2023-04-09

Daily route to play the game

2023-04-08

The game is getting more exciting as the bar move quicker than the beginning

Go to Tiger App to see more news

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Inc.(UPST)$","images":[{"img":"https://community-static.tradeup.com/news/92dedbcf39166549170b6155cf64a9b2","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251447994118376","isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":244918965362816,"gmtCreate":1700818579639,"gmtModify":1700818584142,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"PLTR - should I buy on dip","listText":"PLTR - should I buy on dip","text":"PLTR - should I buy on dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/244918965362816","isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215420538761352,"gmtCreate":1693623759656,"gmtModify":1693625769535,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange 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Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Good comments&nbsp;","listText":"Good comments&nbsp;","text":"Good comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192105074765952","repostId":"191560779649072","repostType":1,"repost":{"id":191560779649072,"gmtCreate":1687776605449,"gmtModify":1703659813070,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"themes":[],"title":"US Market Contd To Fall ? What Stock Will Rise?","htmlText":"On the last stretch of June 2023 before July comes onboard, will the US market continues to “correct” itself this week? Afterall, after the past 5 trading days: DJIA : -2.10% (-722.82 to 33,727.43). S&amp;P 500: -2.09% (-92.62 to 4,348.33). Nasdaq: -3.64% (-266.55 to 13,492.52) - worst performing index of the 3. The Million Dollar Question on everyone’s mind: How will the US market fare this week? Q2 2023 quarterly earnings season begins Looking at above diagram, it signals the start of Q2 2023 earnings reporting season again. One thing to note is that during Q1 2023 reporting, most companies have forecasted a rather “challenging” outlook for their Q2 earnings. It is reckoning time I supposed. As shared on my Sat, 24 Jun 2023 post -","listText":"On the last stretch of June 2023 before July comes onboard, will the US market continues to “correct” itself this week? Afterall, after the past 5 trading days: DJIA : -2.10% (-722.82 to 33,727.43). S&amp;P 500: -2.09% (-92.62 to 4,348.33). Nasdaq: -3.64% (-266.55 to 13,492.52) - worst performing index of the 3. The Million Dollar Question on everyone’s mind: How will the US market fare this week? Q2 2023 quarterly earnings season begins Looking at above diagram, it signals the start of Q2 2023 earnings reporting season again. One thing to note is that during Q1 2023 reporting, most companies have forecasted a rather “challenging” outlook for their Q2 earnings. It is reckoning time I supposed. As shared on my Sat, 24 Jun 2023 post -","text":"On the last stretch of June 2023 before July comes onboard, will the US market continues to “correct” itself this week? Afterall, after the past 5 trading days: DJIA : -2.10% (-722.82 to 33,727.43). S&P 500: -2.09% (-92.62 to 4,348.33). Nasdaq: -3.64% (-266.55 to 13,492.52) - worst performing index of the 3. The Million Dollar Question on everyone’s mind: How will the US market fare this week? Q2 2023 quarterly earnings season begins Looking at above diagram, it signals the start of Q2 2023 earnings reporting season again. One thing to note is that during Q1 2023 reporting, most companies have forecasted a rather “challenging” outlook for their Q2 earnings. It is reckoning time I supposed. As shared on my Sat, 24 Jun 2023 post -","images":[{"img":"https://community-static.tradeup.com/news/253a58fbdc2a870c5db1d0f85e730094","width":"1721","height":"302"},{"img":"https://community-static.tradeup.com/news/52488514c4c8b1f56475538bed337db0","width":"1191","height":"443"},{"img":"https://community-static.tradeup.com/news/357f27e110b8f6511669e2b318e129d9","width":"991","height":"383"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191560779649072","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970053680,"gmtCreate":1683735074440,"gmtModify":1683735077947,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970053680","repostId":"9947734562","repostType":1,"repost":{"id":9947734562,"gmtCreate":1683595361857,"gmtModify":1683595665005,"author":{"id":"4114848768002772","authorId":"4114848768002772","name":"ShenGuang","avatar":"https://community-static.tradeup.com/news/64825bedb4d401c1a1616d1f15c8a241","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4114848768002772","authorIdStr":"4114848768002772"},"themes":[],"title":"Tech Massively Overvalued; Market Turn Likely Imminent","htmlText":"The Global Fund Managers Survey (FMS) by Bank of America (<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$</a>) is an interesting barometer for the sentiments of some of the biggest institutional players in the market (and which has received frequent attention in the course of our commentary over the past year or so). In the latest survey, survey respondents indicate that their risk appetite remains depressed and not far from the extreme pessimism of 2022 and comparable to the levels of the 2009 Great Financial Crisis (GFC). A net 29% of survey respondents are “underweight” equities, down from 31% in March. Similarly, the growth expectations worsened to December 2022 levels with a net 63% expecting weaker global growth. 35% of the respondents opine that the Federal Reserve wil","listText":"The Global Fund Managers Survey (FMS) by Bank of America (<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$</a>) is an interesting barometer for the sentiments of some of the biggest institutional players in the market (and which has received frequent attention in the course of our commentary over the past year or so). In the latest survey, survey respondents indicate that their risk appetite remains depressed and not far from the extreme pessimism of 2022 and comparable to the levels of the 2009 Great Financial Crisis (GFC). A net 29% of survey respondents are “underweight” equities, down from 31% in March. Similarly, the growth expectations worsened to December 2022 levels with a net 63% expecting weaker global growth. 35% of the respondents opine that the Federal Reserve wil","text":"The Global Fund Managers Survey (FMS) by Bank of America ($Bank of America(BAC)$) is an interesting barometer for the sentiments of some of the biggest institutional players in the market (and which has received frequent attention in the course of our commentary over the past year or so). In the latest survey, survey respondents indicate that their risk appetite remains depressed and not far from the extreme pessimism of 2022 and comparable to the levels of the 2009 Great Financial Crisis (GFC). A net 29% of survey respondents are “underweight” equities, down from 31% in March. Similarly, the growth expectations worsened to December 2022 levels with a net 63% expecting weaker global growth. 35% of the respondents opine that the Federal Reserve wil","images":[{"img":"https://community-static.tradeup.com/news/14605a3c2eceb3d889c787eb57e72511","width":"1009","height":"789"},{"img":"https://community-static.tradeup.com/news/8b3988bb4eecdb379af8e51e7d33410c","width":"1074","height":"1099"},{"img":"https://community-static.tradeup.com/news/13486cd777a6a877c01f0e471ec8e5ca","width":"1074","height":"1884"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947734562","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970053836,"gmtCreate":1683735061425,"gmtModify":1683735064891,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange 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Beat Recession By Hedge Funds","htmlText":"🎁Questions For Tigers：With recession expectations, is this the right time to pile into boring value stocks?Will value stocks continue to perform well if the stock market starts to rebound in the second half of 2023?What Boring stocks would be shown on your target watch-list？1. “Boring stocks ”is Better During Volatile MarketThe 2022 market crash and the broader retreat of growth stocks has established one thing: boring is better when it comes to stock investing during volatile times.Earlier this year, Bloomberg quoted Goldman Sachs analyst Peter Oppenheimer, who said that value stocks are expected to outperform growth stocks in 2023 as “big cap technology sees further margin pressure, commodity prices rise , real interest rates remain higher and even geopolitical uncertainty” .Morgan Stanl","listText":"🎁Questions For Tigers：With recession expectations, is this the right time to pile into boring value stocks?Will value stocks continue to perform well if the stock market starts to rebound in the second half of 2023?What Boring stocks would be shown on your target watch-list？1. “Boring stocks ”is Better During Volatile MarketThe 2022 market crash and the broader retreat of growth stocks has established one thing: boring is better when it comes to stock investing during volatile times.Earlier this year, Bloomberg quoted Goldman Sachs analyst Peter Oppenheimer, who said that value stocks are expected to outperform growth stocks in 2023 as “big cap technology sees further margin pressure, commodity prices rise , real interest rates remain higher and even geopolitical uncertainty” .Morgan Stanl","text":"🎁Questions For Tigers：With recession expectations, is this the right time to pile into boring value stocks?Will value stocks continue to perform well if the stock market starts to rebound in the second half of 2023?What Boring stocks would be shown on your target watch-list？1. “Boring stocks ”is Better During Volatile MarketThe 2022 market crash and the broader retreat of growth stocks has established one thing: boring is better when it comes to stock investing during volatile times.Earlier this year, Bloomberg quoted Goldman Sachs analyst Peter Oppenheimer, who said that value stocks are expected to outperform growth stocks in 2023 as “big cap technology sees further margin pressure, commodity prices rise , real interest rates remain higher and even geopolitical uncertainty” .Morgan Stanl","images":[{"img":"https://community-static.tradeup.com/news/126c3d62e1fbf694423ea6f6fcfe7a0e","width":"1389","height":"1080"},{"img":"https://community-static.tradeup.com/news/617aff88167f19157b99c0ce644a9792","width":"1760","height":"729"},{"img":"https://community-static.tradeup.com/news/7a7567bb83b3467b5630a65e606a569e"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947720725","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970053126,"gmtCreate":1683735032665,"gmtModify":1683735036498,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange 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LCID, DDD, SWKS Plunged 10%","htmlText":"US stock market closed slightly up on Monday. Among companies that released earnings, <a href=\"https://ttm.financial/S/ADDYY\">$adidas AG(ADDYY)$</a> rose 8% as invetories improve; <a href=\"https://ttm.financial/S/LCID\">$Lucid Group Inc(LCID)$</a>, <a href=\"https://ttm.financial/S/DDD\">$3D(DDD)$</a> , <a href=\"https://ttm.financial/S/SWKS\">$Skyworks Solutions(SWKS)$</a> fell around 10% after missed estimates.1. ADDYY&nbsp;+8.26%: inventories improve and revenue remained flat despite adverse Yeezy impactAdidas shares jumped on Friday after the German-based sportswear giant presented better-than-expected first-quarter results that showed strong revenue in Europe, Latin America and Asia Pacific.Adidas AG reported a loss of €0.18 per share on €5.27B in revenue for Q1 2023, with currency-neutral","listText":"US stock market closed slightly up on Monday. Among companies that released earnings, <a href=\"https://ttm.financial/S/ADDYY\">$adidas AG(ADDYY)$</a> rose 8% as invetories improve; <a href=\"https://ttm.financial/S/LCID\">$Lucid Group Inc(LCID)$</a>, <a href=\"https://ttm.financial/S/DDD\">$3D(DDD)$</a> , <a href=\"https://ttm.financial/S/SWKS\">$Skyworks Solutions(SWKS)$</a> fell around 10% after missed estimates.1. ADDYY&nbsp;+8.26%: inventories improve and revenue remained flat despite adverse Yeezy impactAdidas shares jumped on Friday after the German-based sportswear giant presented better-than-expected first-quarter results that showed strong revenue in Europe, Latin America and Asia Pacific.Adidas AG reported a loss of €0.18 per share on €5.27B in revenue for Q1 2023, with currency-neutral","text":"US stock market closed slightly up on Monday. Among companies that released earnings, $adidas AG(ADDYY)$ rose 8% as invetories improve; $Lucid Group Inc(LCID)$, $3D(DDD)$ , $Skyworks Solutions(SWKS)$ fell around 10% after missed estimates.1. ADDYY +8.26%: inventories improve and revenue remained flat despite adverse Yeezy impactAdidas shares jumped on Friday after the German-based sportswear giant presented better-than-expected first-quarter results that showed strong revenue in Europe, Latin America and Asia Pacific.Adidas AG reported a loss of €0.18 per share on €5.27B in revenue for Q1 2023, with currency-neutral","images":[{"img":"https://community-static.tradeup.com/news/445a7f40f307d6c6c0c6891392a71c63","width":"722","height":"687"},{"img":"https://community-static.tradeup.com/news/b923da26cea68947bf556a54645704e5","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/3662303c245a04bf92c4dadd2f6c9eab","width":"560","height":"240"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947729093","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944294294,"gmtCreate":1681862419518,"gmtModify":1681862423360,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Give your last shot!!&nbsp;","listText":"Give your last shot!!&nbsp;","text":"Give your last shot!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944294294","isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944172907,"gmtCreate":1681769839410,"gmtModify":1681769843285,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"2 more days to go... Enjoy your game&nbsp;","listText":"2 more days to go... Enjoy your game&nbsp;","text":"2 more days to go... Enjoy your game","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944172907","isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944922053,"gmtCreate":1681684467972,"gmtModify":1681684471913,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Last chance to claim your prize&nbsp;","listText":"Last chance to claim your prize&nbsp;","text":"Last chance to claim your prize","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944922053","isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944017362,"gmtCreate":1681623203257,"gmtModify":1681623208263,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Can claim $2 x2&nbsp; easily but not extra&nbsp;","listText":"Can claim $2 x2&nbsp; easily but not extra&nbsp;","text":"Can claim $2 x2 easily but not extra","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944017362","isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9945506755,"gmtCreate":1681500765078,"gmtModify":1681500768837,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Krep trying,&nbsp; every point is $$$","listText":"Krep trying,&nbsp; every point is $$$","text":"Krep trying, every point is 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points","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9945938018","isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942595660,"gmtCreate":1681251789151,"gmtModify":1681251794200,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Hope everyone enjoyed the game and claim your the voucher&nbsp;","listText":"Hope everyone enjoyed the game and claim your the voucher&nbsp;","text":"Hope everyone enjoyed the game and claim your the voucher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942595660","isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942123512,"gmtCreate":1681166981837,"gmtModify":1681166985712,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Let go and enjoy the game...&nbsp;","listText":"Let go and enjoy the game...&nbsp;","text":"Let go and enjoy the game...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942123512","isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942066645,"gmtCreate":1681085879987,"gmtModify":1681085883446,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Get more points hope can redeem 1 share","listText":"Get more points hope can redeem 1 share","text":"Get more points hope can redeem 1 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href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>Be patient!!!","text":"$SEMBCORP MARINE LTD(S51.SI)$Be patient!!!","images":[{"img":"https://community-static.tradeup.com/news/59bad83b628b04a7cc33ee4e55f80dcc","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041181269","isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9044738046,"gmtCreate":1656814676885,"gmtModify":1676535898436,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Average down..&nbsp;","listText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Average down..&nbsp;","text":"$GEELY AUTO(00175)$Average down..","images":[{"img":"https://community-static.tradeup.com/news/189d315436adb4d5f3d6bfdaad04a0e1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044738046","isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9046963109,"gmtCreate":1656290432301,"gmtModify":1676535799254,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Buy on dip!!","listText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Buy on dip!!","text":"$DYNA-MAC HOLDINGS LTD.(NO4.SI)$Buy on dip!!","images":[{"img":"https://community-static.tradeup.com/news/84b92f709b2b6979606de9fa1f24d672","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046963109","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3552850525395609","authorId":"3552850525395609","name":"moliya","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":1,"idStr":"3552850525395609","authorIdStr":"3552850525395609"},"content":"for very long time bit is .097...... now it is .259..... so if bought in.101+ range u must TP it now before it goes back","text":"for very long time bit is .097...... now it is .259..... so if bought in.101+ range u must TP it now before it goes back","html":"for very long time bit is .097...... now it is .259..... so if bought in.101+ range u must TP it now before it goes back"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9069756719,"gmtCreate":1651366947877,"gmtModify":1676534895051,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Cash is king","listText":"Cash is king","text":"Cash is king","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069756719","repostId":"1102313596","repostType":4,"repost":{"id":"1102313596","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651364553,"share":"https://ttm.financial/m/news/1102313596?lang=&edition=fundamental","pubTime":"2022-05-01 08:22","market":"us","language":"en","title":"Full Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday","url":"https://stock-news.laohu8.com/highlight/detail?id=1102313596","media":"Tiger Newspress","summary":"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron","content":"<html><head></head><body><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.”</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation “swindles” equity investors, but noted Saturday that it “swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”</p><p>Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.</p><p>Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoft’s proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader market’s downturn.</p><p>Buffett also stressed the importance of cash as “new forms of money” like bitcoin pop up.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill. “That’s what money is.”</p><p>Check out full recap below for more from the two investing legends.</p><h3><b>Berkshire bought more than $51 billion of stocks during Q1′s market rout</b></h3><p>Berkshire bought more than $51 billion worth of stocks during the first quarter’s market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.</p><p>The S&amp;P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.</p><h3><b>Buffett says Berkshire is “better than the banks”</b></h3><p>Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.</p><p>“Was that a banker screaming?” Buffett joked.</p><h3><b>Buffett warns shareholders about “new forms of money” and the importance of cash</b></h3><p>Warren Buffett warned shareholders about “new forms of money” as he recalled the financial crisis of 2008 and said Berkshire Hathaway will “always have a lot of cash on hand.”</p><p>Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin “rat poison” in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill.</p><p>“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”</p><h3><b>Berkshire put money to work after finding ‘little exciting’ in the market</b></h3><p>In his annual chairman letter to shareholders in February, Warren Buffett said there is “little that excites us” in the market. But soon after, he put Berkshire’s money to work.</p><p>Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshire’s first-quarter filing revealed the company significantly increased its bet on Chevron.</p><p>“We found some things we prefer to owning Treasury bills,” quipped Berkshire vice chairman and Buffett’s right-hand man Charlie Munger.</p><h3><b>Buffett on his massive Occidental investment</b></h3><p>Buffett scooped up 14% of oil giant <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, worth more than $7 billion, in two weeks during March.</p><p>He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.</p><p>“That’s not investment. You’re not buying from [investors]. I find it just incredible. You couldn’t do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,” Buffett said.</p><p>“That enabled us, in a two-week period, to buy 14% of a business that’s been around for decades,” Buffett said. “Imagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and we’ve seen a lot.”</p><p>The legendary investor said that the short-term volatility earlier this year fueled by “gambling mentality” allowed him to find good long-term opportunities.</p><h3><b>Executives of Berkshire’s portfolio companies discuss impact of inflation</b></h3><p>Ahead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.</p><p>One of those executives was Jim Weber, CEO of Brooks Running.</p><p>Weber said it was tough to raise prices for Brooks’ products but that he thinks some of the cost pressures could cool soon.</p><p>“We don’t have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. It’s a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,” Weber said.</p><h3><b>Buffett wants Berkshire to be in a ‘position to operate’ should the economy stop</b></h3><p>Buffett said he wants Berkshire Hathaway to be in a “position to operate” should the economy stop.</p><p>“We want Berkshire Hathaway to be there and in a position to operate if the economy stops,” Buffett said. “And that can always happen, it can always happen.”</p><p>Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.</p><p>The billionaire investor made those remarks while also praising the Federal Reserve’s role during the 2008 financial crisis and the pandemic.</p><p>“The Federal Reserve has not gone,” Buffett said. He added the Fed will “do whatever is necessary. ... That’s what happened in 2008 and 2009, and that’s what happened in 2020, and you’ll hope it happens again next time.”</p><h3><b>Buffett says he has &#34;so much trouble&#34; finding businesses to invest in</b></h3><p>Warren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.</p><p>“We have so much trouble finding good ideas that we can’t afford to ignore any,” Buffett said. “But they do have to be sizable.”</p><p>Buffett said while he does seek out new investments, he prefers to be approached proactively.</p><p>“We’ll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,” Buffett said.</p><h3><b>Munger says today’s stock market &#34;almost a mania of speculation&#34;</b></h3><p>Munger said today’s stock market has become “almost a mania of speculation.”</p><p>His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.</p><p>“We have computers with algorithms trading against other computers,” Munger said. “We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.</p><p>“I understand the commission though,” Buffett joked.</p><p>After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.</p><p>“People and traders’ poker chips are pulling the handle,” he said. “They’ve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobody’s going around selling calls on farms. That’s why markets do crazy things. Occasionally Berkshire gets a chance to do something. It’s not because we’re smarter. … we’re sane, and that’s the main requirement in this business.”</p><h3><b>Munger blasts calls for separate Berkshire chairman and CEO</b></h3><p>Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.</p><p>“It’s the most ridiculous criticism I ever heard,” Munger said.</p><p>“It’s like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, ‘I don’t like the way you were holding your spear when you won that battle,’” he added, referencing ancient Greek epic “The Odyssey.”</p><p>The California Public Employees’ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposal’s aim stems from concerns about corporate governance with one person holding dual roles.</p><p>“Some guy that’s never run any business, doesn’t know anything — I don’t think too much of this activity,” Munger said.</p><h3><b>Berkshire’s head of insurance explains how Geico has fallen behind rival Progressive</b></h3><p>Berkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerate’s insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.</p><p>“Each one have their plusses and minuses, but having said that, there’s no question that recently Progressive has done a much better job than Geico … both in terms of margins and in terms of growth,” Jain said.</p><p>“There are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned … is telematics,” he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.</p><p>“Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn’t involved in telematics,” Jain said. “It’s a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.”</p><p>Jain’s comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.</p><h3><b>Buffett says he has never been &#34;good at timing&#34;</b></h3><p>Warren Buffett said he has never figured out how to time the markets.</p><p>“We haven’t the faintest idea what the stock market was gonna do when it opens on Monday,” Buffett said in response to an audience question.</p><p>“I don’t think we’ve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economy’s going to do. We don’t know,” he continued.</p><p>The Oracle of Omaha said he often gets misplaced credit for the stock winners he’s picked over the years, pointing out he’s also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.</p><p>Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.</p><p>“We have not been good at timing,” Buffett said. “We’ve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.”</p><h3><b>Munger says &#34;just say no&#34; to putting bitcoin in your retirement account</b></h3><p>Charlie Munger is still down on bitcoin.</p><p>He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.</p><p>The Berkshire executives didn’t say where they would put their money, but Munger was clear about where he wouldn’t invest: bitcoin.</p><p>“When you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,” he said.</p><p>Munger’s answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.</p><p>Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.</p><h3><b>Buffett describes his start to investing when he was 11 years old</b></h3><p>A trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.</p><p>“I went to the New York Stock Exchange, I was in awe of it,” Buffett said. “I got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.”</p><p>The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his father’s office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Graham’s “The Intelligent Investor.”</p><p>“I looked at this book and I saw one paragraph and it told me I’ve been doing everything wrong. I just had the whole approach wrong,” Buffett said.</p><h3><b>Buffett wants to make it clear he’s not the only one picking stocks at Berkshire Hathaway</b></h3><p>Warren Buffett wants to make it clear that he’s not the only one at Berkshire Hathaway picking stocks.</p><p>“I see headlines in papers just time after time after time that say, ‘Buffett’s buying such and such,’” Buffett said. “I’m not buying such and such. Berkshire Hathaway is buying.”</p><p>The investor said a stock pick may have been made by other finance professionals in his organization without Buffett’s ever having heard of it.</p><p>“But the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we don’t know whether it is the people that work for him, the headline is designed to bring people into the story,” Buffett said.</p><p>“The easiest thing to do is basically shut up and not have a bunch of people facing consequences they didn’t ask for in the first place,” he said.</p><h3><b>Buffett says inflation ‘swindles almost everybody’</b></h3><p>When asked about his previous comments that inflation “swindles” equity investors, Buffett said the damage from rising prices was much broader than that.</p><p>“Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,” he said.</p><p>Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isn’t as simple as raising prices to maintain inflation-adjusted profits.</p><p>The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.</p><p>“The question is how much ... and the answer is nobody knows,” Buffett said.</p><p>Buffett reiterated that the best protection against the inflation is investing in your own skills.</p><h3><b>Buffett says Berkshire now owns 9.5% of Activision Blizzard</b></h3><p>Warren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoft’sproposed acquisition of the video game company will close.</p><p>In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire “had no prior knowledge”of Microsoft’s plan to buy the company when Berkshire made its initial investment.</p><p>In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.</p><p>Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft’s offer. Buying at these levels will yield a bigger return if the deal closes.</p><p>Buffett said Berkshire now owns about 9.5% of Activision. “If we went over 10%, we would file a report,” he said.</p><p>“If the deal goes through, we make some money, and if the deal doesn’t go through, who knows what happens,” Buffett said.</p><p>“We don’t know what the Justice Department will do, we don’t know what the E.U. will do, we don’t know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,” Buffett added.</p><h3><b>Buffett: ‘I look at Berkshire as a painting’</b></h3><p>The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.</p><p>“I look at Berkshire as a painting,” Buffett said. “It’s unlimited in size; it’s got an ever-expanding canvas, and I get to paint what I want.”</p><p>Buffett did acknowledge that he doesn’t know much about art, but added that “other people look at paintings and they see something, then they’ll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.”</p><p>“It’s in my head, and I see different things in it as I go along,” Buffett said. “It’s satisfying.”</p><h3><b>Buffett calls Jerome Powell a hero</b></h3><p>In addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.</p><p>“You print loads of money, and money is going to be worth less,” Buffett said.</p><p>However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.</p><p>“In my book,Jay Powellis a hero. It’s very simple. He did what he had to do,” Buffett said.</p><h3><b>Buffett says people are becoming more tribal</b></h3><p>Warren Buffett said people are becoming more tribal.</p><p>“My general assumption — there’s no way to prove it — but essentially, people are now behaving somewhat more tribal than they have for a long time,” Buffett said.</p><p>“It’s fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and they’re gonna give you those answers,” he continued.</p><p>The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings weren’t served dessert until they “said something nasty” about Roosevelt.</p><p>“I don’t think it’s a good development for society,” Buffett said.</p><h3><b>Buffett says he won’t buy bitcoin because ‘it doesn’t produce anything’</b></h3><p>Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p>Buffett listed farmland, apartment buildings — and even art — as assets that had more tangible value than bitcoin.</p><p>“Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”</p><h3><b>Berkshire’s business meeting concludes with shareholder votes</b></h3><p>Berkshire’s formal business meeting followed nearly five hours of Q&amp;A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.</p><p>The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.</p><p>Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.</p><p>One shareholder also took issue with Berkshire’s climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreement’s 1.5°C goal, requiring net zero emissions. Shareholders voted it down.</p><p>The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Full Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFull Recap of Berkshire Hathaway’s Annual Shareholders Meeting Saturday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-01 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.”</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation “swindles” equity investors, but noted Saturday that it “swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”</p><p>Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.</p><p>Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoft’s proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader market’s downturn.</p><p>Buffett also stressed the importance of cash as “new forms of money” like bitcoin pop up.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill. “That’s what money is.”</p><p>Check out full recap below for more from the two investing legends.</p><h3><b>Berkshire bought more than $51 billion of stocks during Q1′s market rout</b></h3><p>Berkshire bought more than $51 billion worth of stocks during the first quarter’s market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.</p><p>The S&amp;P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.</p><h3><b>Buffett says Berkshire is “better than the banks”</b></h3><p>Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.</p><p>“Was that a banker screaming?” Buffett joked.</p><h3><b>Buffett warns shareholders about “new forms of money” and the importance of cash</b></h3><p>Warren Buffett warned shareholders about “new forms of money” as he recalled the financial crisis of 2008 and said Berkshire Hathaway will “always have a lot of cash on hand.”</p><p>Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin “rat poison” in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.</p><p>“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill.</p><p>“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”</p><h3><b>Berkshire put money to work after finding ‘little exciting’ in the market</b></h3><p>In his annual chairman letter to shareholders in February, Warren Buffett said there is “little that excites us” in the market. But soon after, he put Berkshire’s money to work.</p><p>Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshire’s first-quarter filing revealed the company significantly increased its bet on Chevron.</p><p>“We found some things we prefer to owning Treasury bills,” quipped Berkshire vice chairman and Buffett’s right-hand man Charlie Munger.</p><h3><b>Buffett on his massive Occidental investment</b></h3><p>Buffett scooped up 14% of oil giant <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, worth more than $7 billion, in two weeks during March.</p><p>He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.</p><p>“That’s not investment. You’re not buying from [investors]. I find it just incredible. You couldn’t do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,” Buffett said.</p><p>“That enabled us, in a two-week period, to buy 14% of a business that’s been around for decades,” Buffett said. “Imagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and we’ve seen a lot.”</p><p>The legendary investor said that the short-term volatility earlier this year fueled by “gambling mentality” allowed him to find good long-term opportunities.</p><h3><b>Executives of Berkshire’s portfolio companies discuss impact of inflation</b></h3><p>Ahead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.</p><p>One of those executives was Jim Weber, CEO of Brooks Running.</p><p>Weber said it was tough to raise prices for Brooks’ products but that he thinks some of the cost pressures could cool soon.</p><p>“We don’t have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. It’s a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,” Weber said.</p><h3><b>Buffett wants Berkshire to be in a ‘position to operate’ should the economy stop</b></h3><p>Buffett said he wants Berkshire Hathaway to be in a “position to operate” should the economy stop.</p><p>“We want Berkshire Hathaway to be there and in a position to operate if the economy stops,” Buffett said. “And that can always happen, it can always happen.”</p><p>Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.</p><p>The billionaire investor made those remarks while also praising the Federal Reserve’s role during the 2008 financial crisis and the pandemic.</p><p>“The Federal Reserve has not gone,” Buffett said. He added the Fed will “do whatever is necessary. ... That’s what happened in 2008 and 2009, and that’s what happened in 2020, and you’ll hope it happens again next time.”</p><h3><b>Buffett says he has &#34;so much trouble&#34; finding businesses to invest in</b></h3><p>Warren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.</p><p>“We have so much trouble finding good ideas that we can’t afford to ignore any,” Buffett said. “But they do have to be sizable.”</p><p>Buffett said while he does seek out new investments, he prefers to be approached proactively.</p><p>“We’ll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,” Buffett said.</p><h3><b>Munger says today’s stock market &#34;almost a mania of speculation&#34;</b></h3><p>Munger said today’s stock market has become “almost a mania of speculation.”</p><p>His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.</p><p>“We have computers with algorithms trading against other computers,” Munger said. “We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.</p><p>“I understand the commission though,” Buffett joked.</p><p>After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.</p><p>“People and traders’ poker chips are pulling the handle,” he said. “They’ve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobody’s going around selling calls on farms. That’s why markets do crazy things. Occasionally Berkshire gets a chance to do something. It’s not because we’re smarter. … we’re sane, and that’s the main requirement in this business.”</p><h3><b>Munger blasts calls for separate Berkshire chairman and CEO</b></h3><p>Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.</p><p>“It’s the most ridiculous criticism I ever heard,” Munger said.</p><p>“It’s like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, ‘I don’t like the way you were holding your spear when you won that battle,’” he added, referencing ancient Greek epic “The Odyssey.”</p><p>The California Public Employees’ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposal’s aim stems from concerns about corporate governance with one person holding dual roles.</p><p>“Some guy that’s never run any business, doesn’t know anything — I don’t think too much of this activity,” Munger said.</p><h3><b>Berkshire’s head of insurance explains how Geico has fallen behind rival Progressive</b></h3><p>Berkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerate’s insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.</p><p>“Each one have their plusses and minuses, but having said that, there’s no question that recently Progressive has done a much better job than Geico … both in terms of margins and in terms of growth,” Jain said.</p><p>“There are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned … is telematics,” he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.</p><p>“Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn’t involved in telematics,” Jain said. “It’s a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.”</p><p>Jain’s comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.</p><h3><b>Buffett says he has never been &#34;good at timing&#34;</b></h3><p>Warren Buffett said he has never figured out how to time the markets.</p><p>“We haven’t the faintest idea what the stock market was gonna do when it opens on Monday,” Buffett said in response to an audience question.</p><p>“I don’t think we’ve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economy’s going to do. We don’t know,” he continued.</p><p>The Oracle of Omaha said he often gets misplaced credit for the stock winners he’s picked over the years, pointing out he’s also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.</p><p>Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.</p><p>“We have not been good at timing,” Buffett said. “We’ve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.”</p><h3><b>Munger says &#34;just say no&#34; to putting bitcoin in your retirement account</b></h3><p>Charlie Munger is still down on bitcoin.</p><p>He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.</p><p>The Berkshire executives didn’t say where they would put their money, but Munger was clear about where he wouldn’t invest: bitcoin.</p><p>“When you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,” he said.</p><p>Munger’s answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.</p><p>Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.</p><h3><b>Buffett describes his start to investing when he was 11 years old</b></h3><p>A trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.</p><p>“I went to the New York Stock Exchange, I was in awe of it,” Buffett said. “I got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.”</p><p>The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his father’s office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Graham’s “The Intelligent Investor.”</p><p>“I looked at this book and I saw one paragraph and it told me I’ve been doing everything wrong. I just had the whole approach wrong,” Buffett said.</p><h3><b>Buffett wants to make it clear he’s not the only one picking stocks at Berkshire Hathaway</b></h3><p>Warren Buffett wants to make it clear that he’s not the only one at Berkshire Hathaway picking stocks.</p><p>“I see headlines in papers just time after time after time that say, ‘Buffett’s buying such and such,’” Buffett said. “I’m not buying such and such. Berkshire Hathaway is buying.”</p><p>The investor said a stock pick may have been made by other finance professionals in his organization without Buffett’s ever having heard of it.</p><p>“But the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we don’t know whether it is the people that work for him, the headline is designed to bring people into the story,” Buffett said.</p><p>“The easiest thing to do is basically shut up and not have a bunch of people facing consequences they didn’t ask for in the first place,” he said.</p><h3><b>Buffett says inflation ‘swindles almost everybody’</b></h3><p>When asked about his previous comments that inflation “swindles” equity investors, Buffett said the damage from rising prices was much broader than that.</p><p>“Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,” he said.</p><p>Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isn’t as simple as raising prices to maintain inflation-adjusted profits.</p><p>The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.</p><p>“The question is how much ... and the answer is nobody knows,” Buffett said.</p><p>Buffett reiterated that the best protection against the inflation is investing in your own skills.</p><h3><b>Buffett says Berkshire now owns 9.5% of Activision Blizzard</b></h3><p>Warren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoft’sproposed acquisition of the video game company will close.</p><p>In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire “had no prior knowledge”of Microsoft’s plan to buy the company when Berkshire made its initial investment.</p><p>In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.</p><p>Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft’s offer. Buying at these levels will yield a bigger return if the deal closes.</p><p>Buffett said Berkshire now owns about 9.5% of Activision. “If we went over 10%, we would file a report,” he said.</p><p>“If the deal goes through, we make some money, and if the deal doesn’t go through, who knows what happens,” Buffett said.</p><p>“We don’t know what the Justice Department will do, we don’t know what the E.U. will do, we don’t know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,” Buffett added.</p><h3><b>Buffett: ‘I look at Berkshire as a painting’</b></h3><p>The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.</p><p>“I look at Berkshire as a painting,” Buffett said. “It’s unlimited in size; it’s got an ever-expanding canvas, and I get to paint what I want.”</p><p>Buffett did acknowledge that he doesn’t know much about art, but added that “other people look at paintings and they see something, then they’ll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.”</p><p>“It’s in my head, and I see different things in it as I go along,” Buffett said. “It’s satisfying.”</p><h3><b>Buffett calls Jerome Powell a hero</b></h3><p>In addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.</p><p>“You print loads of money, and money is going to be worth less,” Buffett said.</p><p>However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.</p><p>“In my book,Jay Powellis a hero. It’s very simple. He did what he had to do,” Buffett said.</p><h3><b>Buffett says people are becoming more tribal</b></h3><p>Warren Buffett said people are becoming more tribal.</p><p>“My general assumption — there’s no way to prove it — but essentially, people are now behaving somewhat more tribal than they have for a long time,” Buffett said.</p><p>“It’s fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and they’re gonna give you those answers,” he continued.</p><p>The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings weren’t served dessert until they “said something nasty” about Roosevelt.</p><p>“I don’t think it’s a good development for society,” Buffett said.</p><h3><b>Buffett says he won’t buy bitcoin because ‘it doesn’t produce anything’</b></h3><p>Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p>Buffett listed farmland, apartment buildings — and even art — as assets that had more tangible value than bitcoin.</p><p>“Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”</p><h3><b>Berkshire’s business meeting concludes with shareholder votes</b></h3><p>Berkshire’s formal business meeting followed nearly five hours of Q&amp;A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.</p><p>The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.</p><p>Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.</p><p>One shareholder also took issue with Berkshire’s climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreement’s 1.5°C goal, requiring net zero emissions. Shareholders voted it down.</p><p>The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102313596","content_text":"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as to say the market’s turned into a “gambling parlor.”The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation “swindles” equity investors, but noted Saturday that it “swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoft’s proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader market’s downturn.Buffett also stressed the importance of cash as “new forms of money” like bitcoin pop up.“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill. “That’s what money is.”Check out full recap below for more from the two investing legends.Berkshire bought more than $51 billion of stocks during Q1′s market routBerkshire bought more than $51 billion worth of stocks during the first quarter’s market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.Buffett says Berkshire is “better than the banks”Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.“Was that a banker screaming?” Buffett joked.Buffett warns shareholders about “new forms of money” and the importance of cashWarren Buffett warned shareholders about “new forms of money” as he recalled the financial crisis of 2008 and said Berkshire Hathaway will “always have a lot of cash on hand.”Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin “rat poison” in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said, displaying an image of an old $20 bill.“That’s what money is,” he added. “It may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that they’re reaching [for] new forms of money, this is the only thing that will pay bills.”Berkshire put money to work after finding ‘little exciting’ in the marketIn his annual chairman letter to shareholders in February, Warren Buffett said there is “little that excites us” in the market. But soon after, he put Berkshire’s money to work.Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshire’s first-quarter filing revealed the company significantly increased its bet on Chevron.“We found some things we prefer to owning Treasury bills,” quipped Berkshire vice chairman and Buffett’s right-hand man Charlie Munger.Buffett on his massive Occidental investmentBuffett scooped up 14% of oil giant Occidental Petroleum, worth more than $7 billion, in two weeks during March.He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.“That’s not investment. You’re not buying from [investors]. I find it just incredible. You couldn’t do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,” Buffett said.“That enabled us, in a two-week period, to buy 14% of a business that’s been around for decades,” Buffett said. “Imagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and we’ve seen a lot.”The legendary investor said that the short-term volatility earlier this year fueled by “gambling mentality” allowed him to find good long-term opportunities.Executives of Berkshire’s portfolio companies discuss impact of inflationAhead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.One of those executives was Jim Weber, CEO of Brooks Running.Weber said it was tough to raise prices for Brooks’ products but that he thinks some of the cost pressures could cool soon.“We don’t have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. It’s a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,” Weber said.Buffett wants Berkshire to be in a ‘position to operate’ should the economy stopBuffett said he wants Berkshire Hathaway to be in a “position to operate” should the economy stop.“We want Berkshire Hathaway to be there and in a position to operate if the economy stops,” Buffett said. “And that can always happen, it can always happen.”Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.The billionaire investor made those remarks while also praising the Federal Reserve’s role during the 2008 financial crisis and the pandemic.“The Federal Reserve has not gone,” Buffett said. He added the Fed will “do whatever is necessary. ... That’s what happened in 2008 and 2009, and that’s what happened in 2020, and you’ll hope it happens again next time.”Buffett says he has \"so much trouble\" finding businesses to invest inWarren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.“We have so much trouble finding good ideas that we can’t afford to ignore any,” Buffett said. “But they do have to be sizable.”Buffett said while he does seek out new investments, he prefers to be approached proactively.“We’ll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,” Buffett said.Munger says today’s stock market \"almost a mania of speculation\"Munger said today’s stock market has become “almost a mania of speculation.”His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.“We have computers with algorithms trading against other computers,” Munger said. “We’ve got people who know nothing about stocks, being advised by stockbrokers who know even less.“I understand the commission though,” Buffett joked.After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.“People and traders’ poker chips are pulling the handle,” he said. “They’ve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobody’s going around selling calls on farms. That’s why markets do crazy things. Occasionally Berkshire gets a chance to do something. It’s not because we’re smarter. … we’re sane, and that’s the main requirement in this business.”Munger blasts calls for separate Berkshire chairman and CEOBerkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.“It’s the most ridiculous criticism I ever heard,” Munger said.“It’s like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, ‘I don’t like the way you were holding your spear when you won that battle,’” he added, referencing ancient Greek epic “The Odyssey.”The California Public Employees’ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposal’s aim stems from concerns about corporate governance with one person holding dual roles.“Some guy that’s never run any business, doesn’t know anything — I don’t think too much of this activity,” Munger said.Berkshire’s head of insurance explains how Geico has fallen behind rival ProgressiveBerkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerate’s insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.“Each one have their plusses and minuses, but having said that, there’s no question that recently Progressive has done a much better job than Geico … both in terms of margins and in terms of growth,” Jain said.“There are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned … is telematics,” he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.“Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn’t involved in telematics,” Jain said. “It’s a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.”Jain’s comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.Buffett says he has never been \"good at timing\"Warren Buffett said he has never figured out how to time the markets.“We haven’t the faintest idea what the stock market was gonna do when it opens on Monday,” Buffett said in response to an audience question.“I don’t think we’ve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economy’s going to do. We don’t know,” he continued.The Oracle of Omaha said he often gets misplaced credit for the stock winners he’s picked over the years, pointing out he’s also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.“We have not been good at timing,” Buffett said. “We’ve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.”Munger says \"just say no\" to putting bitcoin in your retirement accountCharlie Munger is still down on bitcoin.He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.The Berkshire executives didn’t say where they would put their money, but Munger was clear about where he wouldn’t invest: bitcoin.“When you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,” he said.Munger’s answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.Buffett describes his start to investing when he was 11 years oldA trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.“I went to the New York Stock Exchange, I was in awe of it,” Buffett said. “I got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.”The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his father’s office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Graham’s “The Intelligent Investor.”“I looked at this book and I saw one paragraph and it told me I’ve been doing everything wrong. I just had the whole approach wrong,” Buffett said.Buffett wants to make it clear he’s not the only one picking stocks at Berkshire HathawayWarren Buffett wants to make it clear that he’s not the only one at Berkshire Hathaway picking stocks.“I see headlines in papers just time after time after time that say, ‘Buffett’s buying such and such,’” Buffett said. “I’m not buying such and such. Berkshire Hathaway is buying.”The investor said a stock pick may have been made by other finance professionals in his organization without Buffett’s ever having heard of it.“But the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we don’t know whether it is the people that work for him, the headline is designed to bring people into the story,” Buffett said.“The easiest thing to do is basically shut up and not have a bunch of people facing consequences they didn’t ask for in the first place,” he said.Buffett says inflation ‘swindles almost everybody’When asked about his previous comments that inflation “swindles” equity investors, Buffett said the damage from rising prices was much broader than that.“Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,” he said.Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isn’t as simple as raising prices to maintain inflation-adjusted profits.The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.“The question is how much ... and the answer is nobody knows,” Buffett said.Buffett reiterated that the best protection against the inflation is investing in your own skills.Buffett says Berkshire now owns 9.5% of Activision BlizzardWarren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoft’sproposed acquisition of the video game company will close.In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire “had no prior knowledge”of Microsoft’s plan to buy the company when Berkshire made its initial investment.In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoft’s offer. Buying at these levels will yield a bigger return if the deal closes.Buffett said Berkshire now owns about 9.5% of Activision. “If we went over 10%, we would file a report,” he said.“If the deal goes through, we make some money, and if the deal doesn’t go through, who knows what happens,” Buffett said.“We don’t know what the Justice Department will do, we don’t know what the E.U. will do, we don’t know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,” Buffett added.Buffett: ‘I look at Berkshire as a painting’The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.“I look at Berkshire as a painting,” Buffett said. “It’s unlimited in size; it’s got an ever-expanding canvas, and I get to paint what I want.”Buffett did acknowledge that he doesn’t know much about art, but added that “other people look at paintings and they see something, then they’ll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.”“It’s in my head, and I see different things in it as I go along,” Buffett said. “It’s satisfying.”Buffett calls Jerome Powell a heroIn addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.“You print loads of money, and money is going to be worth less,” Buffett said.However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.“In my book,Jay Powellis a hero. It’s very simple. He did what he had to do,” Buffett said.Buffett says people are becoming more tribalWarren Buffett said people are becoming more tribal.“My general assumption — there’s no way to prove it — but essentially, people are now behaving somewhat more tribal than they have for a long time,” Buffett said.“It’s fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and they’re gonna give you those answers,” he continued.The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings weren’t served dessert until they “said something nasty” about Roosevelt.“I don’t think it’s a good development for society,” Buffett said.Buffett says he won’t buy bitcoin because ‘it doesn’t produce anything’Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”Buffett listed farmland, apartment buildings — and even art — as assets that had more tangible value than bitcoin.“Assets, to have value, have to deliver something to somebody. And there’s only one currency that’s accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill. “And there’s no reason in the world why the United States government … is going to let Berkshire money replace theirs.”Berkshire’s business meeting concludes with shareholder votesBerkshire’s formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.One shareholder also took issue with Berkshire’s climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreement’s 1.5°C goal, requiring net zero emissions. Shareholders voted it down.The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907756850,"gmtCreate":1660260601772,"gmtModify":1676532291390,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>Will wait for another round of.... Bouncing...&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://ttm.financial/S/S51.SI\">$SEMBCORP MARINE LTD(S51.SI)$</a>Will wait for another round of.... Bouncing...&nbsp;[Miser]&nbsp;","text":"$SEMBCORP MARINE LTD(S51.SI)$Will wait for another round of.... Bouncing... [Miser]","images":[{"img":"https://community-static.tradeup.com/news/bc1130280c8449b86df5ec0e8c952d08","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907756850","isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9072674195,"gmtCreate":1658031446917,"gmtModify":1676536096348,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Too greedy..&nbsp;","listText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Too greedy..&nbsp;","text":"$DYNA-MAC HOLDINGS LTD.(NO4.SI)$Too greedy..","images":[{"img":"https://community-static.tradeup.com/news/c63bd18ec28145102052af3997d016a4","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072674195","isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9040249322,"gmtCreate":1655682507866,"gmtModify":1676535682628,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Buy on dip","listText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Buy on dip","text":"$DYNA-MAC HOLDINGS LTD.(NO4.SI)$Buy on dip","images":[{"img":"https://community-static.tradeup.com/news/0d548ddb42a97a723bc5e36aff021e8d","width":"1170","height":"2507"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040249322","isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9053219002,"gmtCreate":1654556192506,"gmtModify":1676535465838,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Long...","listText":"<a href=\"https://ttm.financial/S/NO4.SI\">$DYNA-MAC HOLDINGS LTD.(NO4.SI)$</a>Long...","text":"$DYNA-MAC HOLDINGS LTD.(NO4.SI)$Long...","images":[{"img":"https://community-static.tradeup.com/news/4e79c8de08601d19365b87d92c08c6f2","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9053219002","isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9029424112,"gmtCreate":1652827637336,"gmtModify":1676535167155,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Not bad","listText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Not bad","text":"$GEELY AUTO(00175)$Not bad","images":[{"img":"https://community-static.tradeup.com/news/ccea1fa627fbc853d27d272bf273b5cb","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029424112","isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9933876100,"gmtCreate":1662264959601,"gmtModify":1676537027899,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Disappointed...&nbsp;","listText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Disappointed...&nbsp;","text":"$GEELY AUTO(00175)$Disappointed...","images":[{"img":"https://community-static.tradeup.com/news/2035f4ffe3af6e0862e1890e27b000f5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9933876100","isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9026810354,"gmtCreate":1653353269078,"gmtModify":1676535266029,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Expect to go up in HKmarket","listText":"<a href=\"https://ttm.financial/S/00175\">$GEELY AUTO(00175)$</a>Expect to go up in HKmarket","text":"$GEELY AUTO(00175)$Expect to go up in HKmarket","images":[{"img":"https://community-static.tradeup.com/news/eaadd0088a897373025b0c7697863bf0","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026810354","isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9069870430,"gmtCreate":1651278711574,"gmtModify":1676534882067,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Rich man game!","listText":"Rich man game!","text":"Rich man game!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069870430","repostId":"2231233419","repostType":4,"repost":{"id":"2231233419","kind":"highlight","pubTimestamp":1651243777,"share":"https://ttm.financial/m/news/2231233419?lang=&edition=fundamental","pubTime":"2022-04-29 22:49","market":"us","language":"en","title":"What to Watch for at Warren Buffett's 'Woodstock for Capitalists' in Omaha on Saturday","url":"https://stock-news.laohu8.com/highlight/detail?id=2231233419","media":"MarketWatch","summary":"Berkshire Hathaway's annual meeting kicks off April 30Warren Buffett, known as the ‘Oracle of Omaha,","content":"<html><head></head><body><p>Berkshire Hathaway&#39;s annual meeting kicks off April 30</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed2a5b18837f17d574aa70f335a6e172\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Warren Buffett, known as the ‘Oracle of Omaha,’ will on April 30 hold Berkshire Hathaway’s annual meeting in person for the first time since the pandemic.</span></p><p>Thousands of Berkshire Hathaway Inc. shareholders are off to Omaha this weekend for what&#39;s known as &#34;Woodstock for Capitalists,&#34; where Warren Buffett will be meeting them in person for the first time since 2019. Berkshire&#39;s annual meeting, held virtually for the past two years in the pandemic, will be streamed live Saturday.</p><p><b>Here are a few topics to watch out for.</b></p><p><b>&#39;Sociopathic grandpa&#39;?</b></p><p>Maybe Berkshire Hathaway chief executive officer Buffett will address billionaire entrepreneur Peter Thiel&#39;s remarks earlier this month that the legendary, 91-year old investor is a top &#34;enemy&#34; of bitcoin and part of a &#34;finance gerontocracy&#34; holding back the cryptocurrency&#39;s adoption. Thiel made those remarks at the Bitcoin 2022 conference in Miami, where he also called Buffett a &#34;sociopathic grandpa from Omaha.&#34; Crypto has soared in popularity, with Fidelity Investments announcing April 26 that it will allow investors to add a bitcoin account to their 401(k)s.</p><p><b>Fed fighting inflation</b></p><p>In May 2020, Buffett praised Federal Reserve Chair Jerome Powell&#39;s handling of the market tumult during the COVID-19 crisis. He compared Powell with the late Paul Volcker, who as Fed Chair in the early 1980s helped tame inflation that had spiked in the 1970s. &#34;He and Jay Powell couldn&#39;t seem more different in temperament...but Jay Powell, in my view, and the Fed board belong up there on the pedestal&#34; with him, Buffett said in remarks at Berkshire&#39;s 2020 meeting.</p><p>This year the U.S. stock market has sunk, with investors jittery over the Fed raising interest rates to fight the hottest inflation in about four decades. The cost of living has surged in the wake of massive monetary and fiscal stimulus during the pandemic, and now, investors fear Powell risks tipping the economy into recession as he aims to bring inflation under control.</p><p><b>What about all that cash?</b></p><p>At the start of 2022, Berkshire (BRKA)(BRKA) had about $112 billion in &#34;dry powder&#34; that could be used for investments, acquisitions or stock buybacks, according to a note earlier this month from Morningstar senior stock analyst Greggory Warren. &#34;Buffett&#39;s recent buying spree--including Occidental Petroleum, HP, and Alleghany --has barely dented the conglomerate&#39;s cash balance,&#34; he wrote. &#34;We believe the company has finally hit a nexus where it is far more focused on reducing its cash hoard through stock and bond investments and share repurchases.&#34;</p><p><b>Winding down?</b></p><p>Buffett, the &#34;Oracle of Omaha&#34; widely revered for his stock-picking prowess, will soon be auctioning off a private meal to raise money for the Glide Foundation for a final time. Glide, a California charity for the homeless, said Monday that bidding for a lunch with Buffett will open June 12. What Glide described as the &#34;grand finale&#34; lunch may raise questions about how much longer he intends on leading Berkshire Hathaway as CEO. He&#39;s been auctioning private meals since 2000, taking a pause for two years during the pandemic. Greg Abel, Berkshire&#39;s vice chairman in charge of non-insurance operations, is expected to be Buffett&#39;s successor.</p><p><b>Climate change</b></p><p>Berkshire shareholders are once again set to challenge Buffett to step up efforts to combat climate change by doing more to reduce greenhouse gas emissions, according to a New York Times report on Monday. Buffett, who has argued that subsidiaries such as Berkshire Hathaway Energy disclose plenty about their emissions, faces a shareholder proposal asking for an overhaul of how the conglomerate views climate risks, the New York Times reported.</p><p><b>Berkshire performance</b></p><p>Berkshire will release its first-quarter earnings report Saturday morning as it kicks off its annual meeting.</p><p>Buffett&#39;s Berkshire (BRKA) is outperforming the beaten-up stock market this year, with its shares putting up gains so far in 2022. Berkshire&#39;s class B shares are up 10.8%  this year through Thursday, while the S&amp;P 500 index  dropped 10% over the same period, FactSet data show.</p><p><b>Also Read: 12 Questions for Warren Buffett at Berkshire Hathaway’s Annual Meeting</b></p><p>The highlight of Berkshire Hathaway’s annual meeting Saturday in Omaha will be 5 hours and 15 minutes of questions directed at CEO Warren Buffett and vice chairmen Charlie Munger, Ajit Jain, and Greg Abel.</p><p>Buffett, 91, told Charlie Rose in a recent interview that he is eager to hear from what he calls his business partners at the first in-person Berkshire Hathaway  (ticker: BRK.A and BRK.B) meeting since 2019.</p><p>“They can ask questions that can be impertinent. They can do anything they want with us. I love it and Charlie loves it,” Buffett told Rose.</p><p>The Q&amp;A session will get under way at 10:15 a.m. Eastern with Buffett taking alternate questions from CNBC’s Becky Quick and shareholders.</p><p>With so many questions on shareholders’ minds, here are a dozen that could be posed to Buffett.</p><p>1. You said earlier in April that you’re in good health and have no plans to retire. How long do you expect to remain CEO and what would you most like to accomplish in the remaining time?</p><p>2. Berkshire’s stock buybacks slowed in the first two months of the first quarter. Is the stock less attractive and much closer to intrinsic value after its rally this year?</p><p>3. Your investment lieutenants Todd Combs and Ted Weschler are expected to take over the $350 billion equity portfolio when you depart. How have they performed versus the S&amp;P 500 since they joined Berkshire about a decade ago, and why aren’t they managing more than their current $35 billion?</p><p>4. What would it take for you to consider selling Berkshire’s huge Apple stake?</p><p>5. Give us your thinking on the Occidental (OXY) and HP Inc. (HPQ) investments this year. Would you consider buying all of Occidental?</p><p>6. You’ve often praised Google. Why hasn’t Alphabet (GOOG) become a big equity holding for Berkshire?</p><p>7. Why was it important to add your daughter Susan to the Berkshire board last year when your son Howard is already on it?</p><p>8. Greg Abel, your likely successor, has been paid about $75 million since becoming head of non-insurance operations in 2018. He doesn’t appear to have bought any Berkshire stock. Why?</p><p>9. Why not hold quarterly conference calls or an investor day so Berkshire’s million-plus shareholders can better understand a complex company?</p><p>10. Having a dual-class structure with unequal voting rights isn’t regarded as good corporate governance. Why not equalize the votes on the A and B shares now or after your death?</p><p>11. Berkshire’s Geico unit has lost ground versus its rival Progressive in the auto insurance market in recent years. Can it catch up?</p><p>12. How long much longer do you think Jain, now 70, will be running Berkshire’s insurance operations?</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Watch for at Warren Buffett's 'Woodstock for Capitalists' in Omaha on Saturday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Watch for at Warren Buffett's 'Woodstock for Capitalists' in Omaha on Saturday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-29 22:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/what-to-watch-for-at-warren-buffetts-woodstock-for-capitalists-in-omaha-on-saturday-11651238604?mod=search_headline><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway's annual meeting kicks off April 30Warren Buffett, known as the ‘Oracle of Omaha,’ will on April 30 hold Berkshire Hathaway’s annual meeting in person for the first time since the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/what-to-watch-for-at-warren-buffetts-woodstock-for-capitalists-in-omaha-on-saturday-11651238604?mod=search_headline\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4176":"多领域控股","BK4201":"综合性石油与天然气企业","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4019":"再保险","BK4170":"电脑硬件、储存设备及电脑周边","BK4534":"瑞士信贷持仓"},"source_url":"https://www.marketwatch.com/story/what-to-watch-for-at-warren-buffetts-woodstock-for-capitalists-in-omaha-on-saturday-11651238604?mod=search_headline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2231233419","content_text":"Berkshire Hathaway's annual meeting kicks off April 30Warren Buffett, known as the ‘Oracle of Omaha,’ will on April 30 hold Berkshire Hathaway’s annual meeting in person for the first time since the pandemic.Thousands of Berkshire Hathaway Inc. shareholders are off to Omaha this weekend for what's known as \"Woodstock for Capitalists,\" where Warren Buffett will be meeting them in person for the first time since 2019. Berkshire's annual meeting, held virtually for the past two years in the pandemic, will be streamed live Saturday.Here are a few topics to watch out for.'Sociopathic grandpa'?Maybe Berkshire Hathaway chief executive officer Buffett will address billionaire entrepreneur Peter Thiel's remarks earlier this month that the legendary, 91-year old investor is a top \"enemy\" of bitcoin and part of a \"finance gerontocracy\" holding back the cryptocurrency's adoption. Thiel made those remarks at the Bitcoin 2022 conference in Miami, where he also called Buffett a \"sociopathic grandpa from Omaha.\" Crypto has soared in popularity, with Fidelity Investments announcing April 26 that it will allow investors to add a bitcoin account to their 401(k)s.Fed fighting inflationIn May 2020, Buffett praised Federal Reserve Chair Jerome Powell's handling of the market tumult during the COVID-19 crisis. He compared Powell with the late Paul Volcker, who as Fed Chair in the early 1980s helped tame inflation that had spiked in the 1970s. \"He and Jay Powell couldn't seem more different in temperament...but Jay Powell, in my view, and the Fed board belong up there on the pedestal\" with him, Buffett said in remarks at Berkshire's 2020 meeting.This year the U.S. stock market has sunk, with investors jittery over the Fed raising interest rates to fight the hottest inflation in about four decades. The cost of living has surged in the wake of massive monetary and fiscal stimulus during the pandemic, and now, investors fear Powell risks tipping the economy into recession as he aims to bring inflation under control.What about all that cash?At the start of 2022, Berkshire (BRKA)(BRKA) had about $112 billion in \"dry powder\" that could be used for investments, acquisitions or stock buybacks, according to a note earlier this month from Morningstar senior stock analyst Greggory Warren. \"Buffett's recent buying spree--including Occidental Petroleum, HP, and Alleghany --has barely dented the conglomerate's cash balance,\" he wrote. \"We believe the company has finally hit a nexus where it is far more focused on reducing its cash hoard through stock and bond investments and share repurchases.\"Winding down?Buffett, the \"Oracle of Omaha\" widely revered for his stock-picking prowess, will soon be auctioning off a private meal to raise money for the Glide Foundation for a final time. Glide, a California charity for the homeless, said Monday that bidding for a lunch with Buffett will open June 12. What Glide described as the \"grand finale\" lunch may raise questions about how much longer he intends on leading Berkshire Hathaway as CEO. He's been auctioning private meals since 2000, taking a pause for two years during the pandemic. Greg Abel, Berkshire's vice chairman in charge of non-insurance operations, is expected to be Buffett's successor.Climate changeBerkshire shareholders are once again set to challenge Buffett to step up efforts to combat climate change by doing more to reduce greenhouse gas emissions, according to a New York Times report on Monday. Buffett, who has argued that subsidiaries such as Berkshire Hathaway Energy disclose plenty about their emissions, faces a shareholder proposal asking for an overhaul of how the conglomerate views climate risks, the New York Times reported.Berkshire performanceBerkshire will release its first-quarter earnings report Saturday morning as it kicks off its annual meeting.Buffett's Berkshire (BRKA) is outperforming the beaten-up stock market this year, with its shares putting up gains so far in 2022. Berkshire's class B shares are up 10.8%  this year through Thursday, while the S&P 500 index  dropped 10% over the same period, FactSet data show.Also Read: 12 Questions for Warren Buffett at Berkshire Hathaway’s Annual MeetingThe highlight of Berkshire Hathaway’s annual meeting Saturday in Omaha will be 5 hours and 15 minutes of questions directed at CEO Warren Buffett and vice chairmen Charlie Munger, Ajit Jain, and Greg Abel.Buffett, 91, told Charlie Rose in a recent interview that he is eager to hear from what he calls his business partners at the first in-person Berkshire Hathaway  (ticker: BRK.A and BRK.B) meeting since 2019.“They can ask questions that can be impertinent. They can do anything they want with us. I love it and Charlie loves it,” Buffett told Rose.The Q&A session will get under way at 10:15 a.m. Eastern with Buffett taking alternate questions from CNBC’s Becky Quick and shareholders.With so many questions on shareholders’ minds, here are a dozen that could be posed to Buffett.1. You said earlier in April that you’re in good health and have no plans to retire. How long do you expect to remain CEO and what would you most like to accomplish in the remaining time?2. Berkshire’s stock buybacks slowed in the first two months of the first quarter. Is the stock less attractive and much closer to intrinsic value after its rally this year?3. Your investment lieutenants Todd Combs and Ted Weschler are expected to take over the $350 billion equity portfolio when you depart. How have they performed versus the S&P 500 since they joined Berkshire about a decade ago, and why aren’t they managing more than their current $35 billion?4. What would it take for you to consider selling Berkshire’s huge Apple stake?5. Give us your thinking on the Occidental (OXY) and HP Inc. (HPQ) investments this year. Would you consider buying all of Occidental?6. You’ve often praised Google. Why hasn’t Alphabet (GOOG) become a big equity holding for Berkshire?7. Why was it important to add your daughter Susan to the Berkshire board last year when your son Howard is already on it?8. Greg Abel, your likely successor, has been paid about $75 million since becoming head of non-insurance operations in 2018. He doesn’t appear to have bought any Berkshire stock. Why?9. Why not hold quarterly conference calls or an investor day so Berkshire’s million-plus shareholders can better understand a complex company?10. Having a dual-class structure with unequal voting rights isn’t regarded as good corporate governance. Why not equalize the votes on the A and B shares now or after your death?11. Berkshire’s Geico unit has lost ground versus its rival Progressive in the auto insurance market in recent years. Can it catch up?12. How long much longer do you think Jain, now 70, will be running Berkshire’s insurance operations?","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948467372,"gmtCreate":1680772784296,"gmtModify":1680772787786,"author":{"id":"4113349061695712","authorId":"4113349061695712","name":"Orange Peel","avatar":"https://community-static.tradeup.com/news/6f4417068e9de25addd607455511f595","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4113349061695712","authorIdStr":"4113349061695712"},"themes":[],"htmlText":"Don't miss the chance&nbsp;","listText":"Don't miss the chance&nbsp;","text":"Don't miss the chance","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/9948467372","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}